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Industry, Investment and Commerce Minister, Hon. Anthony Hylton, says the Global Logistics Hub could add 17 per cent growth to Jamaica’s Gross Domestic Product (GDP) over six to eight years. The figures, Mr. Hylton said, were baseline estimates provided by the Planning Institute of Jamaica (PIOJ). The Minister was briefing senior journalists on the global logistics hub, at a breakfast...

The Jamaica Exporters' Association (JEA) has partnered with accounting and consulting firm, UHY Dawgen, to assist export ready companies to put their businesses on a sustainable growth path. JEA President, Vitus Evans, said the project dubbed: 'Jamaica 50 Ideas for Sustainable Earnings,' is in keeping with the organisation's objectives to increase employment, develop new businesses and form key linkages. "Under...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says that Cabinet has accepted the submission that Jamaica be positioned as a Global Logistics Hub, which will be at the centre of the country's economic growth strategy. The Minister, who was briefing senior journalists at a breakfast meeting at his Ministry today (September 25), said that Cabinet also approved the...

Stakeholders in the Business Process Outsourcing (BPO)/ Information and Communications Technology (ICT) sector have joined forces to establish the Business Processing Industry Association of Jamaica (BPIAJ). The association, which has been formed with the support of Jamaica Promotions Corporation (JAMPRO), was officially launched on September 20 at JAMPRO's Trafalgar Road offices in New Kingston. BPOinvolves the contracting of the operations...

President, Jamaica Promotions Corporation (JAMPRO), Sancia Bennett-Templer, says it is critical and urgent for developing countries, like Jamaica, to implement strategies to boost export, in keeping with challenges presented by the slow recovery of the global economy. She noted that as such, JAMPRO, under the remit of the National Export Strategy (NES), has sought to focus its efforts to enhance...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has lauded Pepsi’s acquisition of the distributorship for the Ocean Spray line of juices in Latin American and the Caribbean, noting that this augers well for growth in exports and expansion of the local beverages industry. He was speaking at a function held at the Wyndham Kingston today (Sept. 19) to...

Several small entrepreneurs are to benefit from the expertise and experience of larger and more established business owners under a coaching/mentorship programme. The initiative, dubbed the 'Nationwide-Scotiabank Entrepreneurial Challenge Coaching/Mentorship' programme, seeks to provide sound advice and assistance to proprietors of medium, small and micro enterprises (MSMEs) with the objective of advancing their identified business goals. The programme, which was...

President of the Jamaica Exporters' Association (JEA), Vitus Evans, says an export-led focus is critical to positioning the Jamaican economy on a path of growth. Speaking at the opening ceremony of the National Export Strategy (NES) Engagement Series, held at Jamaica Promotions Corporation (JAMPRO), in New Kingston, on September 14, Mr. Evans said studies have shown that there is a...

Commissioner of Customs, Major Richard Reese, is reporting that the Customs Department collected an additional $276.6 million in revenue from re-valuations during the first five months of the 2012/13 fiscal year. Speaking at the weekly luncheon of the Kiwanis Club of Kingston at the Wyndham Kingston Hotel, on Tuesday (September 18), Major Reese said between April and August, some $172.4...

Jamaica's ability to provide container cleaning, testing and repair services in the shipping industry has been boosted, with the launch of the island's first global ISO-Tank Specialist Depot and Maintenance Facility - ISOCON-JLB International. The facility, located at Newport West in the Kingston Freezone, will give access to all ISO-Tank Container operators in the food grade markets throughout the Caribbean,...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the Government is committed to building a successful export strategy to improve Jamaica’s competitiveness on the global market. Mr. Hylton was speaking at the opening of the National Export Strategy (NES) Engagement Series, held at Jamaica Promotions Corporation (JAMPRO) Business Auditorium in New Kingston, on September 14.  He pointed out...

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says draft legislation for a new 'Insolvency Act' could be before Cabinet by early next year. Addressing a Breakfast Forum hosted under the theme, ‘Booms need Bust: Reforming Insolvency Legislation’, Minister Hylton told guests that a reform of the current insolvency legislation is urgently needed, as it has become outmoded and...